ID 205232238 · FY 2017–2024 · 8 years
JSC Credo Bank is a Georgian microfinance-bank specialising in rural, agri and micro-SME lending. Founded as an MFI by World Vision and converted to a bank in 2017; majority-owned by ACCESS Microfinance Holding with EBRD, FMO and Triodos as IFI co-investors. ~80% of borrowers are outside Tbilisi.
curated 2026-06-03credobank.geebrd.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net interest income | 52,633 | 101,170 | 120,512 | 125,598 | 190,122 | 220,010 | 253,868 | 302,449 | +28.4% |
| Net fee and commission income | 15,594 | 16,452 | 17,378 | 19,915 | 28,137 | 31,556 | 28,861 | 36,428 | +12.9% |
| Net foreign currency gain / (loss) | 0 | 2,909 | 1,227 | -5,815 | 3,273 | 14,748 | 3,272 | 4,724 | +8.4% |
| Net other income | 0 | -3,982 | 818 | 3,121 | -5,991 | -17,964 | -11,917 | -8,200 | +12.8% |
| Operating income | 68,227 | 116,549 | 139,935 | 142,819 | 215,541 | 248,350 | 274,084 | 335,401 | +25.5% |
| Operating expenses | -23,758 | -79,212 | -88,421 | -94,534 | -116,866 | -144,952 | -167,645 | -189,434 | +34.5% |
| Profit / (loss) from associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -485 | |
| Operating income before cost of risk | 44,469 | 37,337 | 51,514 | 48,285 | 98,675 | 103,398 | 106,439 | 145,482 | +18.5% |
| Cost of risk | 0 | 0 | 0 | -35,952 | -57,083 | -49,964 | -57,957 | -60,389 | +13.8% |
| Profit before income tax | 22,098 | 24,596 | 36,008 | 12,333 | 41,592 | 53,434 | 48,482 | 84,315 | +21.1% |
| Income tax expense | -1,967 | -4,405 | -6,469 | -1,475 | -4,882 | -8,223 | -7,409 | -15,710 | +34.6% |
| Profit | 20,131 | 20,191 | 29,539 | 10,858 | 36,710 | 45,211 | 41,073 | 68,605 | +19.1% |
| Net profit margin | 29.5% | 17.3% | 21.1% | 7.6% | 17.0% | 18.2% | 15.0% | 20.5% |
Ownership & directors from companyinfo.ge (public corporate registry).